An indian company imports display stands. It outsources the same within India for polishing and minor changes to the original product as per customer requirement.
Manufacturer means to make , produce, fabricate, assemble, process of bring to existence, by hand or by machine , a new products having a distinctive name, character or use and shall include process such as refrigeration, repacking, polishing, testing, calibration, re- engineering. Manufacture for the purpose of foreign trade policy 2009-2014 shall also include agriculture, aquaculture, animal husbandry, pisciculture, poultry, sericulture, viticulture and mining.
CAclubindia
